Mont. Admin. R. 12.3.225 - LICENSE AGENT ELECTRONIC FUNDS TRANSFER

(1) As a condition of appointment, an agent shall agree to participate in the department's electronic funds transfer system.
(2) A license agent shall, before selling licenses, authorize the debiting and crediting (sweep) of an account in the license agent's name for the purpose of electronic funds transfer to or from the state's collection account, as provided in this rule.
(3) The license agent shall execute all forms required by the department, the department's bank, or the license agent's bank .
(4) The department will determine the schedule for sweeping the license agent account. The department may allow deviation from the schedule in special circumstances.
(5) The license agent shall bring any error or dispute to the attention of the department before the sweep.
(6) In the event a license agent does not have sufficient funds to cover the sweep, a second attempt will be done at the next scheduled sweep.
(7) If it fails again, the license agent will not be permitted to sell licenses until the issue is resolved and the agent must pay the outstanding amount of all outstanding failed sweeps within 48 hours after notification by certified check, cashier's check, or money order. If outstanding balances are not paid in full within 48 hours, the license agent shall immediately surrender department-issued equipment and materials, is subject to revocation, and may be sent to a collection agency for unpaid balances owed.
(8) Two or more failed sweeps within a single license year are cause for revocation or suspension.

Notes

Mont. Admin. R. 12.3.225
NEW, 2000 MAR p. 3200, Eff. 11/23/00; AMD, 2022 MAR p. 280, Eff. 2/26/2022

AUTH: 87-1-201, 87-2-901, MCA; IMP: 87-2-901, MCA

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